Is Buying Enel Américas S.A. (ENIA) Here a Winning Strategy? The Stock Formed Bullish Double Top

April 17, 2018 - By Maria Brooks

The chart of Enel Américas S.A. (ENIA) shows a double top with $12.36 target or 6.00 % above today’s $11.66 share price. The 8 months chart pattern indicates low risk for the $12.80B company. It was reported on Apr, 17 by Finviz.com. If the $12.36 price target is reached, the company will be worth $767.94M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.77% or $0.09 during the last trading session, reaching $11.66. About 486,047 shares traded. Enel Américas S.A. (NYSE:ENIA) has risen 11.36% since April 17, 2017 and is uptrending. It has underperformed by 0.19% the S&P500.

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